Question: Crane Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2022, at a cost of $119,000. Over

Crane Bus Lines uses the units-of-activity method in depreciating its buses.

Crane Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2022, at a cost of $119,000. Over its 4-year useful life, the bus is expected to be driven 210,000 miles. Salvage value is expected to be $7,700. Compute the depreciation cost per unit. (Round answer to 3 decimal places, e.g. 6.251) Depreciation cost per unit $ eTextbook and Media Prepare a depreciation schedule assuming actual mileage was: 2022, 47,600; 2023, 61,000: 2024, 49,000; and 2025, 52,400. (Round depreciation cost per unit to 3 decimal places, e.g. 0.125 and other answers to 0 decimal places, e.g. 125) Computation End of Year Years Units of Activity Depreciation Cost/Unit = Annual Depreciation Expense Accumulated Depreciation Book Value 2022 2023 2024 2025

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